7th May 2015 15:44
LONDON (Alliance News) - CML Microsystems PLC Thursday said revenue in the financial year that just ended is set to be above analysts' consensus expectations.
The semiconductor designer and manufacturer said revenue for the year to end-March is set to come in at around GBP21.8 million, with pretax profit set to be around GBP3.1 million. Cash generation continues to "be healthy" with net cash of GBP13.0 million at the end of March, it said in a statement.
In March, the company said its operating results were trading ahead of expectations, adding that margins and operating costs have remained within its target range, driving up cash balances.
CML shares were up 6.9% to 350.00 pence per share on Thursday afternoon.
By Joshua Warner; [email protected]; @JoshAlliance
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